Bitcoin Surges 3.82% Following Trump’s 90-Day Tariff Suspension Announcement

In a significant development in U.S. trade policy, former President Donald Trump has endorsed a 90-day suspension on various tariffs, including reciprocal duties and a notable 10% tariff. The decision is effective immediately and aims to alleviate inflationary pressures on consumers. In response to this announcement, U.S. stock market indices demonstrated robust performance, with the Nasdaq gaining over 4%, the S&P 500 increasing by 3.3%, and the Dow Jones Industrial Average rising by 2.7%. Moreover, the cryptocurrency market also reacted positively, as Bitcoin saw a commendable rise of 3.82%, now trading at approximately $80,799. This market movement underscores the interconnected nature of traditional financial indicators and digital currency valuations.